As previously announced, the government of the United Arab Emirates (UAE) has amended the Commercial Companies Law (Federal Law No. 2 of 2015, “CCL”) by issuing Federal Decree Law No. 26 of 2020 (“Decree Law”) and thereby overhauling the entire corporate landscape by removing the general requirement to have a majority Emirati shareholder/service agent. In this legal briefing we provide an overview on the changes made to the licensing requirements for branches of foreign companies in Dubai.
Find out more in the below document as well as here.